ARCHIVED BLOG POSTS
2017
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Financial markets were closed today in observance of Good Friday and Passover. We should have an interesting week with all the geopolitical activities going on across the globe. Tomorrow is the 105th anniversary of the founding of North Korea. Historically it has been a day during which that c...
04/14/2017
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I wish you all a wonderful holiday weekend regardless of your religious affiliation or even if you do not have one. I always feel that wishing someone a good holiday is universal. Any given individual does not have to engage in specific practices associated with a particular holiday in order fo...
04/14/2017
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Market action was winding down this afternoon as traders prepare for their day off tomorrow in observance of Good Friday. The Producer Price Inflation number came in virtually flat today. That may cause the Fed to think twice about the next price increase in the short term. The large bomb drop...
04/13/2017
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Mortgage backed securities (MBS) closed up 9 basis points today at 103.00 having remained above support offered by the 100 day moving average. MBS bonds closed the day just 68 basis points below resistance offered by the 200 day moving average. Whether in New England, the Mid Atlantic or the Mi...
04/13/2017
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President Trump spoke today in favor of a weaker dollar and low interest rates. Some pundits are already speculating that by June the Fed will be back in an accommodative role and lowering rates to stimulate the economy. Trump might be different from one's view of being presidential but no one ...
04/12/2017
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Mortgage backed securities (MBS) closed up 25 basis points today at 102.91 having remained above support offered by the 100 day moving average. MBS bonds closed the day just 78 basis points below resistance offered by the 200 day moving average. Whether in New England, the Mid Atlantic or the M...
04/12/2017
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With no economic reports being issued today, recent events across the globe shaped the trading picture of the day. MBS bonds and U.S. Treasuries benefited from a safety trade. Mortgage rates are inching lower as MBS bonds approach distant resistance far above present levels. Continue uncertain...
04/11/2017
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Mortgage backed securities (MBS) closed up 38 basis points today at 102.66 having remained above support offered by the 100 day moving average. MBS bonds closed the day just 104 basis points below rsistance offered by the 200 day moving average. Whether in New England, the Mid Atlantic or the M...
04/11/2017
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Futures traders showed very little this morning as S & P futures opened just about exactly flat. After last week's excitement with the Syrian missile strikes and the Russian denunciation, it seemed like time for a break. At the same time President Trump was having some pretty serious, though co...
04/10/2017
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Mortgage backed securities (MBS) closed up 3basis points today at 102.47 having remained above support offered by the 100 day moving average. Today was a lot less volatile than Friday with a range of only 15 basis points during the day.. Whether in New England, the Mid Atlantic or the Midwest...
04/10/2017
